Will Orchid (OXT) rally to broken market structure?

4月21日

On the above 5 day chart price action has corrected almost 70% since the year began. A number of reasons now suggest a reversal in trend, they include:

1. Price action and RSI resistance breakouts.
2. A significant confirmation that legacy downtrend breakout now acts as support.
3. Price action confirmation horizontal support.
4. Forecast to broken market structure is also the Golden ratio, but that is not the same as saying a correction confirmation from structure will follow.


Is it possible price action continues correcting? Sure.
Is it probable? No.

Ww

4月22日

交易進行